Question ID: 671
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.06.02
Status: Final
Date of submission: 06 Jul 2016
Question
At the moment we are working hard to implement solvency II QRT reports. We are implementing reports with data which can be read into the import excel sheet of T4U.
In doing so we encounter the following problem:
For instance in the EIOPA definition in the ‘S.06.02 – List of assets’ Report the definition of portfolio is defined as the following closed list:
- Life
- Non-life
However this is implemented in T4U as life (splits applicable). The result is we are confronted with a lot of validation error when filling the report.
Another example is the value of the country of custody: definition is ISO 3166-1 alpha-2 code of the country f.i. ‘UK’ and T4U asks for ‘UNITED KINGDOM’. Some of these values even change per version of T4U!
It would be helpful if we know upfront how a column is filled.
Why are the XBRT validation rules not compliant with these EIOPA definitions?
EIOPA answer
The T4U is rendering to the users the labels of column “Hierarchy” of the DPM dictionary published in our website in Excel format. This column sometimes is not fully aligned with business Logs, for example as indicated the tool is rendering the full names for countries instead the ISO codes. This decision was made during the development of the T4U because it was considered that these labels were in general more user friendly for the dictionary.
For further question about tool for undertakings project please contact ToolForUndertakings@eiopa.europa.eu.